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Why Consistent Bookkeeping Matters More Than Last-Minute Accounting Adjustments
Consistent bookkeeping provides real-time financial clarity, reduces reporting errors, and strengthens compliance under the Income Tax Act, 1961. Businesses that maintain updated records are better prepared for ITR filing, GST reconciliation, and tax audits under Section 44AB . In contrast, last-minute accounting adjustments often lead to mismatches in Form 26AS, disallowances under Sections 40A and 43B, interest under Sections 234B and 234C, and increased scrutiny from the I

Adv. Siddharth Sachan
Mar 139 min read
Sundry Debtors is Debit or Credit in Trial Balance
The phrase "sundry debtors" may seem cryptic in accounting and finance, yet it is a crucial component in evaluating a business's...

Rashmita Choudhary
Apr 13, 20256 min read
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